Is it worth getting a loan to invest in Ethereum ?
For the last few months, I have been pretty much trying to educate myself into the crypto currency world and despite the fact that I have studied Law I believe I have gotten to a point where I can have a discussion with a miner or trader and still manage to spit a few fancy words.
However the fact that is worrying me and I find fascinating is the idea that back in my country, people that doesn’t have a single clue about mining are going into BANK and getting crazy loans just to start mining…? Most cases they do it without even taking some time to surf in the internet and in addition they pay 150 Euro installation fee and that’s it !!
Do you guys have similar cases back in your countries? Noting all the speculations do you think the risks overcome the reward? Personally, at this moment I'm still considering whether I should start trading over mining noting into account the difficulty, price increase of GPU's and PoW ?
The rich do not borrow money, the leverage assets. Sometimes those assets belong to them, many times they belong to others. You will be rewarded much faster by leveraging assets. Sell something you don't use or need, take that money and buy something of value, flip it, and repeat. In no time you will be able to afford whatever you want. It's 100% guaranteed.
Keep on Steemin on!
It will be interesting to see what you learn labinot. I would do research myself but I don't know where to start.
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